Apollo Global Capital, Inc. completed the acquisition of additional 7.8% stake in JDVC Resources Corporation from Alexandrea Cruz-Herrera, Bernadette Herrera-Dy and Leonardo M. De Leon for approximately PHP 270 million.
December 30, 2019
Share
Apollo Global Capital, Inc. (PSE:APL) entered into an agreement to acquire additional 7.8% stake in JDVC Resources Corporation from Alexandrea Cruz-Herrera, Bernadette Herrera-Dy and Leonardo M. De Leon for approximately PHP 230 million on December 10, 2019. Under the terms, 0.39 million shares will be acquired for PHP 600 per share. The consideration will be paid in lump sum in cash. The transaction has been approved by the Board of Apollo Global on December 10, 2019. The transaction is expected to close on December 29, 2019.
Apollo Global Capital, Inc. (PSE:APL) completed the acquisition of additional 7.8% stake in JDVC Resources Corporation from Alexandrea Cruz-Herrera, Bernadette Herrera-Dy and Leonardo M. De Leon for approximately PHP 270 million in December 2019. Apollo Global increased its ownership in JDVC to 90.47% stake.
Apollo Global Capital, Inc. is a Philippines-based holding company, which is to invest in, purchase, or otherwise acquire and own, hold, use, sell, assign, transfer, lease, mortgage, guarantee, exchange, develop, or otherwise dispose of real or personal property of every kind and description. The Company, through its subsidiary, JDVC Resources Corporation (JDVC), is engaged in the business of mining. JDVC is focused on exploring, prospecting and operating mines and quarries of all kinds of ores and minerals, metallic and non-metallic, such as nickel, iron, gold, copper, silver, lead, manganese, chromite, molybdenite pyrite, sulfur, silica, kaolin clay, zeolite, perlite, diatomaceous earth, diorite, basalt, gabbro, coal, hydrocarbons, oil and natural gas. The Company is engaged in offshore mining activities in Cagayan.
Apollo Global Capital, Inc. completed the acquisition of additional 7.8% stake in JDVC Resources Corporation from Alexandrea Cruz-Herrera, Bernadette Herrera-Dy and Leonardo M. De Leon for approximately PHP 270 million.
APOLLO GLOBAL CAPITAL, INC. 